CAPESPAN CONTINENT

Active

Public limited companyfounded 198937 yrs activeBorsbeeksebrug 34/1, 2600 Antwerpen, BelgiumKBO/BCE: BE 0436.722.506

Summary

CAPESPAN CONTINENT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.9m and a net result of €1.7m. Equity is growing by ~14.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 6016 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch Report Compare

CAPESPAN CONTINENTActiveChecked score 95/100

Risk analysis Report Compare

Activity

Agents in the wholesale of food, beverages and tobacco

NACE 46170Wholesale of fruit and vegetables, excluding potatoes NACE 46319NACE 51170

1 site

Size

€60.1mturnover 2025

Staff: 3 FTE
Equity: €5.9m
Profit: €1.7m

Financial health

95 Excellent Checked score 2025

Bankruptcy chance 12 m: < 0.1%

Structure

Parent: Capespan Group Proprietary Limited
Board: 1 member
Holdings: 1

Auditor: Baker Tilly BedrijfsrevisorenAccounts 66 d early2 of 30 deeds read

Why 95+ Size: turnover €60.1m, 3 FTE, total assets €12.9m+ Founded in 1989+ Liquidity: current ratio 1.45, cash €3.4m+ Equity €5.9m (45.6% of total assets)Show the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Better than 61% of its sector peers (NACE 46, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Strong

Solvency 71+29

equity 45.6% of total assets

Liquidity 60+44

short-term debt 46.9% · cash 26.3%

Profitability 49+27

return on assets 13.5%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,865 companies)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%▼ -4.7% vs 01-2025 03-2025: 0.1%▼ -1.2% vs 02-2025 04-2025: 0.1%▲ +5.0% vs 03-2025 05-2025: 0.1%▲ +1.2% vs 04-2025 06-2025: 0.3%▲ +231% vs 05-2025 07-2025: 0.3%● 0.0% vs 06-2025 08-2025: 0.3%● 0.0% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%● 0.0% vs 12-2025 02-2026: 0.3%▼ -3.9% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▲ +5.2% vs 03-2026 05-2026: 0.3%▲ +0.7% vs 04-2026highest value 06-2026: < 0.1%▼ -86.4% vs 05-2026lowest value 07-2026: < 0.1%● 0.0% vs 06-2026lowest value 08-2026: < 0.1%● 0.0% vs 07-2026lowest value 09-2026: < 0.1%● 0.0% vs 08-2026lowest value 10-2026: < 0.1%● 0.0% vs 09-2026lowest value

Size: turnover €60.1m, 3 FTE, total assets €12.9m lowers the probability for this profile
Founded in 1989 lowers the probability for this profile
Liquidity: current ratio 1.45, cash €3.4m lowers the probability
Equity €5.9m (45.6% of total assets) lowers the probability

Credit up to €550,000 at 30 days acceptable

Liquidity tight (current ratio 1.45 against 0.9 in 2024; short-term debt: 46.9% and cash: 26.3% of total assets), and 54.4% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 53%, liquidity 66%, profitability 38%, growth against the median 85%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Size: turnover €60.1m, 3 FTE, total assets €12.9m

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Founded in 1989

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Liquidity: current ratio 1.45, cash €3.4m

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Equity €5.9m (45.6% of total assets)

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

66 d early

2024

70 d early

2023

58 d early

2022

75 d early

2021

74 d early

2020

53 d early

2019

73 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

04-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

06-07-26 Resignation: Charl du Bois (director)Appointment: Milad Husseini (director)
26-05-26 Annual accounts filedfiscal year 2025 · full…
23-03-26 Appointment: Baker Tilly Bedrijfsrevisoren (statutory auditor)Permanent representative: Elke De Vriendt

Key points

Positive: Result rose in 2025from €11,682 to €1.7m ▲ 14,823% View
Caution: Board changedlatest change 20-05-2026 · 1 in office 1 joined · 1 left View
Positive: Among the best 13% on net resultsector median €114,682 · 5,959 companies €1.7m View
Positive: Always filed on timeaccounts within the deadline every year 8 years View
Controlled by Capespan Group Proprietary Limitedknown shareholders 100% parent View
Positive: 7 profitable years in a rowprofit 2025: €1.7m 7 years View